Jefferies Financial Group Analysts Give Volvo (STO:VOLV.B) a SEK 170 Price Target

Jefferies Financial Group set a SEK 170 price objective on Volvo (STO:VOLV.B) in a research note released on Wednesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other analysts have also recently commented on the company. Deutsche Bank set a SEK 150 price target on Volvo and gave the stock a buy rating in a research report on Friday, April 24th. Kepler Capital Markets set a SEK 145 price target on Volvo and gave the stock a buy rating in a research report on Monday, March 23rd. UBS Group set a SEK 118 price target on Volvo and gave the stock a neutral rating in a research report on Friday, April 24th. Goldman Sachs Group set a SEK 190 price target on Volvo and gave the stock a buy rating in a research report on Monday, July 6th. Finally, HSBC set a SEK 140 price target on Volvo and gave the stock a neutral rating in a research report on Thursday, April 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of SEK 150.18.

Shares of STO:VOLV.B opened at SEK 153.30 on Wednesday. Volvo has a 12-month low of SEK 123.40 and a 12-month high of SEK 171.30. The business’s fifty day simple moving average is SEK 142.54 and its 200-day simple moving average is SEK 145.49.

Volvo Company Profile

AB Volvo is the parent company of the Volvo Group. The Volvo Group is a manufacturer of trucks, buses, construction equipment, diesel engines, and marine and industrial engines. The Volvo Group also provides solutions for financing and service. Its segments include Trucks, Construction Equipment, Buses, Volvo Penta, Group functions & Other, and Financial Services.

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Analyst Recommendations for Volvo (STO:VOLV.B)

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